A group of investors led by private equity firm PAG on Saturday announced an investment of $8.3 billion for a 60% stake in Chinese property giant Dalian Wanda’s mall unit. Dalian Wanda will retain 40% in Newland...
Blackstone to take Tricon Residential private for $3.5 billion
Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said. U.S.-listed shares of Tricon jumped about 28% at market open...
UK’s LondonMetric to buy LXI REIT in $2.4 bln deal
British landlord LondonMetric Property will acquire London-based real estate investment trust (REIT) LXI in a deal valued at 1.9 billion pounds ($2.43 billion), the companies said. Under the terms of the deal, each LXI...
UK landlord LondonMetric in talks to merge with LXI REIT – Bloomberg News
British landlord LondonMetric Property is in talks to merge with London-based real estate investment trust LXI to create a firm valued at 3.9 billion pounds ($4.94 billion), the companies said on Monday. “The...
Purplebricks to sell out to rival UK realtor Strike for a pound
British online estate agent Purplebricks, once valued at more than $1 billion, said it had agreed to be bought by smaller rival Strike for just one pound ($1.26). Under the deal, Strike will assume the liabilities of...
Britain’s JD Sports to buy France’s Courir in $572 mln deal
JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 million), in what would be the British group’s first acquisition since setting out ambitious...
ArisUnitern acquires significant stake in Kaleido Realty
ArisUnitern, a real estate services firm providing end-to-end consulting services, has acquired a significant stake in Kaleido Realty, that helps real estate companies with sales and marketing launchpads. The stake was...
Extra Space to buy Life Storage for $12.7 bln in self-storage mega deal
Real estate investment trust Extra Space Storage said it will acquire Life Storage for $12.7 billion in a deal that will result in the combined company becoming the largest U.S. self-storage space operator by store...
NCLT orders corporate insolvency resolution of real estate firm BPTP
The National Company Law Tribunal has ordered the commencement of corporate insolvency resolution process of real estate company, BPTP Ltd on November 14. Rakesh Kumar Gupta has been appointed the IRP and the creditors...
Emami promoters eye sale of realty, hospital assets
The promoters of Emami Ltd expect to reduce their pledged shares in the company to 10-15% of their holding by selling the group’s hospital business and real-estate owned by the promoters and few group companies...
Barings to buy Australian private equity real estate firm Altis
U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price...
LEG says it will not buy remaining BCP stake from troubled Adler
German real estate group LEG Immobilien said it would not exercise an option to buy further shares in property investor BCP from rival Adler, which was pursuing the transaction to reduce its debt load. Adler said in May...
